CLASSIFICATION OF LEDGER ACCOUNTS FOR CREAMERIES. 



K. Miscellaneous Income: Page. 



K 1. Merchandise Sales 24 



K 2. Discount Received 24 



Expense Accounts. 



L. Raw Material : 



L 1. Butter Fat Purchases 24 



L 2. Skim Milk Purchases 25 



L 3. Underpayments and Overpayments 25 



L 4. Automobile Truck Operation 26 



L 5. Repairs on Automobile Trucks 26 



L 6. Depreciation on Automobile Trucks 26 



M. Operating Expense: 



M 1. Labor 27 



M 2. Power and Refrigeration 27 



M 3. Manufacturing Supplies 27 



M 4. Repairs on Plant 27 



M 5 . Depreciation on Plant 28 



M 6. Tool Replacement 28 



N. Administration and Selling: 



N 1. Express, Freight, and Drayage 28 



N 2. Telephone, Telegraph, and Postage 29 



N 3. Office Salaries 29 



N 4. Office Supplies 29 



N 5. Taxes 29 



N 6. Insurance . 29 



N 7. Interest 30 



N 8. Loss from Bad Accounts 30 



N 9. Miscellaneous Expense 30 



0. Purchases: 



1 . Merchandise Purchases 30 



P. 'Appropriation Accounts: 



P 1. Dividend Appropriation 31 



P 2. Sinking Fund Appropriation 31 



ASSETS. 



A. CURRENT ASSETS. 



Cash on Hand (A 1). 



Debit. 



Credit. 



1 . With the total of undeposited checks 



1. With the total of undeposited checks 



and cash as shown by Balance 



and cash at the beginning of the 



Sheet at the time of opening the 



period. 



books. 





2. With the total of undeposited checks 





and cash at the close of the period. 





In order that a complete Trial Balance may be taken from the Ledger, without 

 consideration of unposted items in any book of original entry, it is desirable that a 

 Cash on Hand account be opened and maintained in the Ledger. Into this account 

 is posted the amount of actual cash in the office at the time of opening the books and 

 at the close of each accounting period. At the beginning of the following period, this 



